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Montevideo, May 22nd 2018 - 04:35 UTC

Tag: Steve Mnuchin

  • Monday, May 21st 2018 - 08:52 UTC

    US/China trade war “on hold”; Beijing agrees to “substantially reduce” surplus

    After high-level talks in Washington, Beijing agreed in a joint statement with the U.S. to “substantially reduce” America's trade deficit with China

    The United States and China are pulling back from the brink of a trade war after the world's two biggest economies reported progress in talks aimed at bringing down America's massive trade deficit with Beijing. “We are putting the trade war on hold,” Treasury Secretary Steven Mnuchin said on Sunday.

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  • Saturday, May 19th 2018 - 09:27 UTC

    China/US trade talks on a more positive track; Beijing dumps sorghum levy

    A day earlier, Beijing had cleared the way for a group led by the U.S. private equity firm Bain Capital to buy Toshiba's computer memory chip business.

    Beijing has dropped an anti-dumping investigation into imported U.S. sorghum, which it had accused the United States of unfairly subsiding. It has also given approval for a U.S. private equity firm to buy Toshiba's memory chip business. Those gestures could suggest a thaw with the U.S. as trade talks went on in Washington in an atmosphere of hopefulness but hardly assurance of a breakthrough in the impasse.

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  • Tuesday, May 1st 2018 - 07:00 UTC

    Tariffs dispute: Trump extends deadline for a month to EU, Canada and Mexico

    The Trump administration has reached agreements-in-principle with Argentina, Australia and Brazil, according to the White House statement

    President Donald Trump will delay imposing steel and aluminum tariffs on the European Union, Mexico and Canada until June 1 as he finalizes deals with them, the White House said in a statement. The administration has reached agreements-in-principle with Argentina, Australia and Brazil, according to the statement, which the White House released late Monday night.

  • Thursday, January 25th 2018 - 10:03 UTC

    Treasury Secretary tells Davos US welcomes a weakening dollar

    Mnuchin’s comments provided fresh trigger for dollar selling and raised questions if a weaker US currency could provide a long-term impetus for the economy.

    The U.S. dollar extended its recent rout to hit three-year lows on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed a weakening in the dollar. Fears of protectionist trade policies by the United States had already pushed the greenback to a three-year low, and Mnuchin’s remark at the annual Davos summit of business and political leaders pushed it down further.

  • Saturday, April 29th 2017 - 15:11 UTC

    Bad news for Trump: US economy growth slows strongly in first quarter, 0.7%

    GDP expanded at an annual rate of 0.7% in the first quarter - the slowest rate since the first quarter of 2014. President Trump made a pledge to raise growth to 4%.

    The US economy slowed dramatically in the first three months of the year, according to official data. GDP expanded at an annual rate of 0.7% in the first quarter - the slowest rate since the first quarter of 2014, which is unwelcome news for President Donald Trump who, during his election campaign, made a pledge to raise growth to 4%.

  • Thursday, April 27th 2017 - 09:21 UTC

    Trump announces plan to lower taxes; Wall Street cautious, Democrats call it a handout to the wealthy

    Secretary Steven Mnuchin, and White House chief economic adviser Gary Cohn rolled out the plan at the White House

    President Donald Trump administration on Wednesday presented a sweeping plan to lower tax rates for individuals and businesses, saying it would create the biggest tax cut in United States history. However US markets slid at the close after the Trump administration outlined the tax cut plan and Democrats described it as a handout to the wealthy that would expand the deficit.

  • Saturday, April 22nd 2017 - 14:02 UTC

    Germany and US confident an understanding on trade can be reached

    German Finance Minister Wolfgang Schäuble and Bundesbank President Jens Weidmann said there was wide agreement about the importance of free trade.

    Recent tensions between the U.S. and other major economies over trade did not reemerge during Friday’s meeting of G20 finance ministers and central bank governors, fueling hopes global policy makers can avert an open dispute with the Trump administration over globalization, top German officials said.

  • Monday, March 20th 2017 - 08:24 UTC

    G20 Financial leaders leave out strong references to protectionism and climate change

    “This is my first G20, so what was in the past communiqué is not necessarily relevant from my standpoint,” U.S. Treasury Secretary Steven Mnuchin said

    Financial leaders of the world's biggest economies dropped a pledge to keep global trade free and open, yielding to an increasingly protectionist United States after a two-day meeting in Germany failed to yield a compromise.

  • Wednesday, November 9th 2016 - 09:02 UTC

    Close friends and loyalists considered for the Trump cabinet

    Rudy Giuliani for attorney general, Newt Gingrich for secretary of state, retired Lt. Gen Michael Flynn for defense secretary or national security adviser

    Now that Donald Trump will be moving to the White House next January, speculation about the names being considered for his cabinet have started to emerge. According to sources close to the winning team some of the names included are Rudy Giuliani for attorney general, Newt Gingrich for secretary of state, retired Lt. Gen Michael Flynn for defense secretary or national security adviser, Trump finance chairman Steve Mnuchin for Treasury secretary, and Republican National Committee finance chair Lew Eisenberg for commerce secretary.